Hartshead Resources Balance Sheet Health
Financial Health criteria checks 6/6
Hartshead Resources has a total shareholder equity of A$33.5M and total debt of A$0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are A$40.5M and A$7.0M respectively. Hartshead Resources's EBIT is A$2.4M making its interest coverage ratio -4.5. It has cash and short-term investments of A$29.3M.
Key information
0%
Debt to equity ratio
AU$0
Debt
| Interest coverage ratio | -4.5x |
| Cash | AU$29.34m |
| Equity | AU$33.54m |
| Total liabilities | AU$6.98m |
| Total assets | AU$40.52m |
Financial Position Analysis
Short Term Liabilities: HHR's short term assets (A$30.9M) exceed its short term liabilities (A$7.0M).
Long Term Liabilities: HHR has no long term liabilities.
Debt to Equity History and Analysis
Debt Level: HHR is debt free.
Reducing Debt: HHR has not had any debt for past 5 years.
Debt Coverage: HHR has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: HHR has no debt, therefore coverage of interest payments is not a concern.